Dave's Unique Ichimoku-Renko Approach

Discussion in 'Trading Diary' started by Blaiserboy, Dec 14, 2012.

  1. Blaiserboy

    Blaiserboy Member

    Joined:
    Oct 28, 2006
    Messages:
    140
    Likes Received:
    22
    Trophy Points:
    18
    I will be posting some charts showing the use of Renko Bars and Ichimoku along with Fibonacci. I will be happy to share the knowledge I have acquired and perhaps someone else with benefit from using this chart setup.

    On this chart you will see a bearish butterfly on the renko chart for GBPJPY

    [​IMG]

    Uploaded with ImageShack.us
     
    Last edited: Dec 14, 2012
  2. Blaiserboy

    Blaiserboy Member

    Joined:
    Oct 28, 2006
    Messages:
    140
    Likes Received:
    22
    Trophy Points:
    18
    EURUSD moved past the swing high and this has resulted in a tidy profit.

    GBPJPY went into the Ichimoku cloud and bounced out, a nice profit from the breakout.

    I have closed both of these as it is the weekend.

    Have a great weekend, everyone!

    [​IMG]
    [​IMG]
     
  3. Blaiserboy

    Blaiserboy Member

    Joined:
    Oct 28, 2006
    Messages:
    140
    Likes Received:
    22
    Trophy Points:
    18
    I am interested in the USDJPY pair at the open today considering that the Japanese election is finished and that may impact the Yen.

    Looking at the very last candle there seems to be some indecision as to direction as at the close.

    I look forward to the open.
    [​IMG]

    Uploaded with ImageShack.us
     
  4. Blaiserboy

    Blaiserboy Member

    Joined:
    Oct 28, 2006
    Messages:
    140
    Likes Received:
    22
    Trophy Points:
    18
    Here is a chart that shows how strong the Ichimoku cloud can be. This is a chart of Gold, a 30 minute chart and you can see that the Ichimoku cloud is providing significant resistance to any move upwards.

    [​IMG]

    Uploaded with ImageShack.us
     
  5. Blaiserboy

    Blaiserboy Member

    Joined:
    Oct 28, 2006
    Messages:
    140
    Likes Received:
    22
    Trophy Points:
    18
    Here are 3 charts from Friday

    [​IMG][/url]
    image upload[/IMG]
     
    monkeybusiness and wisp like this.
  6. Blaiserboy

    Blaiserboy Member

    Joined:
    Oct 28, 2006
    Messages:
    140
    Likes Received:
    22
    Trophy Points:
    18
    CADJPY

    This pair has had a super move today and yesterday, close to 300 pips!

    You can see the entry and then a long line to where it closed on Friday.

    [​IMG][/url][/IMG]
     

  7. Blaiserboy

    Blaiserboy Member

    Joined:
    Oct 28, 2006
    Messages:
    140
    Likes Received:
    22
    Trophy Points:
    18
    SWEET LIGHT CRUDE

    CCI looks to be oversold and price is meeting support on the cloud, we may see the drop suspended.


    [​IMG][/url][/IMG]
     
Loading...

Share This Page